Whale Warning at 155 million! $0.20 becomes the meat grinder for bulls and bears!
DOGE is fluctuating around $0.168 on the four-hour chart, where the bulls and bears are fiercely battling. The yellow line moving average is pressing down hard above,
while the old dogs are protecting the $0.16800 level below. The MACD is forming a golden cross below the zero axis, but the red bars are shrinking hesitantly,
clearly indicating that the rebound from an oversold position without volume is just a trick,
the KDJ's J value at 67 has reached a high, revealing the risk of chasing prices. The doge operators are currently playing psychological warfare; if they can't break the $0.17 resistance, it's all just paper tigers.
In my opinion, we should keep an eye on the $0.16800 level, either hold it or lose it. If it holds, it can bounce up to $0.17; if it breaks down, we directly look at the abyss at $0.16. In today's grinding market, don't chase blindly,
high shorts and low buys with stop-losses is the way to go. This behavior of Dogecoin indicates that without a volume breakout, it's all fake; it's better to wait for a real breakout before chasing!
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